Wire
Robinhood Ventures Fund I Completes $75 Million Investment in OpenAI
Robinhood Ventures Fund I (RVI) said Wednesday it has completed a roughly $75 million common stock purchase in Microsoft-backed (MSFT) OpenAI.The transaction occurred Friday and followed the company's strategy to provide retail traders with exposure to privately held technology startups, the company said.Robinhood Ventures Fund rose more than 13% in recent premarket activity Wednesday.Price: $27.63, Change: $+3.20, Percent Change: +13.12%
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